Tata Communications Limited — Capital/Financing Update 2021

Mar 16, 2021

हिन्दी का मान : राष्ट्र का सम्मान

भारत सरकार संचार और सूचना प्रौद्योगिकी मंत्रालय दरसंचार विभाग संचार भवन, 20, अशोका रोड नई दिल्ली-110 001 Government of India Ministry of Communications & IT Department of Telecommunications Sanchar Bhawan, 20 Ashok Road New Delhi-110 001

WEBSITE: www.dot.gov.in

File No.: 29-6/2020-SU (Part)

Dated: March 16, 2021

To

The Managing Director BSE Limited Phiroze Jeejeebhoy Towers Dalal Street. Mumbai-400 001

The Managing Director The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai, India 400 051

Dear Sir/Madam,

Sub: Offer for sale of equity shares having face value of INR 10 each ("Equity Shares") of Tata Communications Limited (the "Company") by one of its Promoters, the President of India, acting through the Department of Telecommunications, the Ministry of Communications, Government of India, through 'Offer for Sale of shares by promoters through the stock exchange mechanism' intimated by way of notice dated March 15, 2021.

We refer to the Notice dated Mach 15, 2021 ("Notice") sent by the Seller to the Stock Exchanges wherein, the President of India, acting through and represented by the Department of Telecommunications, Ministry of Communications, Government of India, is one of the promoters of Tata Communications Limited (the "Seller") proposes to sell up to 2,85,00,000 Equity Shares, in aggregate representing 10% of the total issued and paid-up Equity Share capital of the Company ("Base Offer Size") on March 16, 2021 ("T Day") (for non-retail investors only) and on March 17, 2021 ("T+1 Day") (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), with an option to additionally sell up to 1,74,46,885 Equity Shares (representing 6.12% of the total issued and paid-up Equity Share capital of the Company) (the "Oversubscription Option" and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will in aggregate, be referred to as the "Offer Shares". In the event such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as the "Offer Shares", through the separate designated window of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE" and

together with BSE, the "Stock Exchanges"), collectively representing 16.12% of the total paid up equity share capital of the Company, and such offer hereinafter referred as the "Offer").

In this connection, we wish to exercise the Oversubscription Option to the extent of 1,74,46,885 Equity Shares (representing 6.12% of the total issued and paid-up equity share capital of the Company) in addition to 2,85,00,000 Equity Shares of the Company, (representing 10% of the total issued and paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly, the total Offer Size will be up to 4,59,46,885 Equity Shares (representing 16.12% of the total paid up equity share capital of the Company) of which 45,94,689 would be available as part of the Offer for Retail Category on T+1 day, i.e. March 17, 2021.

All capitalised terms not defined in this intimation letter shall have the same meanings as ascribed to them in the Notice.

Thanking You,

Yours faithfully,

On behalf of the President of India, Department of Telecommunications. Ministry of Communications, Government of India

$202$ $03$

Authorised Signatory Name: BIJOY KUMAR NATH Designation: DIRECTOR (PSU-III)

(बी. के. नाथ) (B. K. NATH) निदेशक (पी.एस.यू.-III) Director (PSU-III)
Director (PSU-III)
दूरसंघार विभाग, भारत सरकार Deptt. of Telecom, Govt. of India
नई दिल्ली/New Delhi